Mastercard® Credit Cards of February 2023

Mastercard issues credit cards with many banks. It is a large company operating worldwide, and the cards are accepted in almost every country. In the US, you will have a choice between Mastercard, Visa, and AmEx credit cards. Here, you can learn about the Mastercard credit card types, where you can use them, and how to get them.

Types of Mastercard® Credit Cards

Mastercard credit cards start with the number 5. This is a distinctive feature of every Mastercard credit card. The inscription indicates the type of your Mastercard card:

• Standard
• World
• World Elite.

You should familiarize yourself with each type's bonus to decide which card is more suitable.

1. Standard Mastercard. It gives cardholders access to basic Mastercard perks. The holder of such a card can boost their online protection by connecting to McAfee for a 30-day free trial. They also have a discount on a subsequent annual subscription and can purchase it for $29.50. The cardholder has access to Mastercard ID Theft Protection and Zero Liability Protection. Help is available at any time, anywhere in the world, from Mastercard Global Service.
2. World Mastercard. This credit card gives cardholder access to premium experiences such as Priceless Experiences, offer personal and digital experiences in culture, dining, sports, and entertainment in more than 45 destinations on the globe, and Mastercard Golf which offers the cardholder to have exclusive PGA TOUR and Gold Concierge Services. World card offers exclusive discounts in Lyft, DoorDash, and ShopRunner.
3. World Elite Mastercard. It allows the cardholder to receive VIP treatment in some restaurants and hotels. The cardholder can use the World Elite Concierge service to book a table in a restaurant or a hotel room. Cash back in Fandango is added to discount offers. If you spend $20 at Fandango or Vudu, you will receive $5 to buy the next movie tickets or a movie in the online service.

Where to use Mastercard credit cards?

Mastercard is a worldwide payment system. You can use a credit card wherever Mastercard is accepted, in any such store, restaurant, or hotel in almost all countries of the world. You can also withdraw cash from Mastercard ATMs around the world. The card can also be used to make online purchases. With a trial period of 30 days in McAfee, you can count on secure online purchases.

By opening a Mastercard travel rewards credit card, you can use it when traveling and receive travel discounts. Depending on what bonuses are offered by a particular bank card issuer, you can receive various bonuses when buying tickets and booking hotels and restaurants.

Use Mastercard cash rewards credit card in everyday purchases to receive cash back on eligible purchases, for example, in supermarkets or pharmacies.

The best Mastercard credit cards

1. Chase Freedom Flex is one of the best Mastercard credit cards. This card allows the cardholder to receive a $200 cash bonus if they spend $500 in the first 3 months of using the card. Chase Freedom Flex offers 0% Intro APR for 15 months, during which the APR on purchases and balance transfers is 0%. This card allows the cardholder to receive 5% cash back rewards on purchases in bonus categories, changing every quarter, 5% cash back on travel purchases, 3% cash back on dining purchases and pharmacies, and 1% cash back on all other purchases.
2. Citi Premier Card is among the best Mastercard credit cards for travel. A cardholder can get 80,000 bonus points if they spend $4,000 in the first 3 months after account opening. This is equivalent to $800 for travel purchases or gift cards. The annual fee for the card is $95. A Citi Premier Card holder can receive 3 bonus points for every dollar spent in restaurants, supermarkets, gas stations, air travel, and hotels. They also get 1 point for every dollar in all other categories spent on purchases.
3. JetBlue Plus Card allows the cardholder to receive 80,000 bonus points if they spend $1,000 and pay a $99 annual fee in the first 90 days of using the card. This credit card allows the cardholder to receive 6 points for every dollar spent on JetBlue purchases, 2 points for every dollar spent in eligible grocery stores and restaurants, and 1 point for every dollar spent on other purchases. The cardholder also has 50% for flight savings on eligible food and drink purchases. JetBlue Plus Card gives the holder 5000 points every year.

Pros and cons of Mastercard credit cards

Pros

• Many banks issue Mastercard credit cards, and each bank sets bonuses and perks. Every future cardholder can find a card that fits their needs.
• The cardholder can get support anywhere in the world using Mastercard Global Service.
• Mastercard ID Theft Protection, Zero Liability Protection, and 30 days free trial period for McAfee are available to all Mastercard credit card holders.
• Most cards offer great deals on cash back or travel rewards.
• Individuals with poor credit can find a suitable credit card offer for them.

Cons

• Each card-issuing bank has the right to set its rates and terms, so some credit conditions may be unprofitable.
• Frequent use of a credit card can lead to cardholders falling into a debt cycle.

How to get a Mastercard credit card?

The application process for opening a Mastercard credit card varies from particular bank or financial institution. To apply, you will need to enter this information in the application form:

• Contact information, like phone number and email.
• Personal information: name, date of birth, home address, Social Security Number (SSN).
• Income information: employment status, amount of annual income, employer name, occupation.

Among the big US banks, many issue Mastercard credit cards. These are Celtic Bank, Chase, and Capital One. The application process is usually fast and takes no more than 10 minutes. Most credit card issuers deliver the card in 10-14 days.

You must meet these requirements to be qualified to receive a Mastercard credit card:

• Be legal age, 18 years old in most states. Some financial institutions may require you to be at least 21 years old.
• Be a citizen or permanent resident of the United States, that is, have an SSN or Tax ID. Credit card issuers may request your passport, state-issued ID, or driver's license to verify your identity.
• Have a source of constant income and a low debt-to-income (DTI) ratio. The income level must be confirmed using pay stubs, bank statements, W-2s, or tax returns.

The credit score requirements depend on the specific credit card. The most profitable credit cards that offer many bonuses and perks require the cardholders to have good or excellent credit scores, that is, a FICO score of 670. It is also possible to find credit cards for fair credit, i.e., a FICO score of 580. If you have bad credit, secured credit cards or cards that help build credit may suit you.

Mastercard credit card for no credit

Many banks and financial institutions issue credit cards suitable for people with poor credit or a lack of credit history.

Capital One Platinum Secured Credit Card is a credit card for which a future cardholder does not need a certain FICO credit score to apply. Since this is a secured credit card, the applicant needs to make a security deposit to guarantee their solvency. This card has no annual fee. If the cardholder makes on-time payments for consecutive 6 months, they become automatically qualified for an increased credit limit and a security deposit refund.

There is a suitable card for young people who build credit and those who rebuild their credit. Deserve EDU Mastercard for Students helps you build or rebuild your credit. You can get one year of Amazon Prime Student after spending $500 in the first 3 billing cycles. This card has an APR of 22.49%. It also allows the cardholder to receive 1% cash back on all purchases. The Deserve EDU Mastercard for Students does not require a security deposit. The card does not issue an annual fee. It also offers cardholder cell phone protection for up to $600. This card also does not require a foreign transaction fee.